Monday, 27 May 2019 15:30 WIB |
CURRENCIES | EuroEUR/USD
The euro was holding steady on Monday after the results of European Union parliamentary elections showed that pro-EU parties held on to two-thirds of seats, limiting the gains of their euro skeptic opponents.
EUR/USD was little changed at 1.1199 by 03:31 AM ET (07:31 GMT), close to one-and-a-half week highs, having pulled away from Thursday™s two-year trough of 1.1105.
The dollar pushed higher against the yen, with USD/JPY rising 0.25% to 109.54 underpinned by Japanese players' bargain-hunting.
The dollar index ticked up to 97.532, remaining below the two-year high of 98.260 reached last Thursday.
The pound was slightly higher against the dollar, with GBP/USD up 0.1% to 1.2727, having regained some ground after Prime Minister Theresa May announced a date for her departure, rebounding from the four-and-a-half month low of 1.2605 reached on Thursday.